A collective investment scheme is a scheme wherein several individuals pool money for investing in a particular asset(s) and share the returns based on pre-agreed terms. Over the last few years, CISs have become synonymous with scams, as investors have been let in a lurch after being promised juicy returns. The government will set up … Read More →
RBI launches website Sachet to tackle fraud The Reserve Bank of India (RBI) on Thursday launched a website from which anyone can obtain information regarding entities that are allowed to accept deposits, lodge complaints, and share information regarding illegal acceptance of deposits by unscrupulous entities. Named Sachet, the website is expected to be helpful in … Read More →
In 1990s there were various instances of collection of money by numerous agro-based and plantation companies, which eventually failed to provide any return on the investments (despite promising around 18-30% returns) including the repayment of principal amount. In this context, the Government of India, vide its press release dated November 18, 1997, decided that an … Read More →
A Collective Investment Scheme (CIS), as its name suggests, is an investment scheme wherein several individuals come together to pool their money for investing in a particular asset(s) and for sharing the returns arising from that investment as per the agreement reached between them prior to pooling in the money. The term has broader connotations … Read More →